Platinum Benefits

Health, dental, and vision insurance. Since COVID19, there has been an increase in employee requests for wellness and mental health programs as well as other added benefits.

Yes, most group insurance plans can be a tax write off. Work with a CPA or an accountant to help you determine the tax benefits available to your business when you offer group insurance to your employees.

Yes, but you need to make sure that the carrier you are looking to offer has a strong network in the state where your employees reside.

While each insurance carrier has different minimum participation requirements, some will insure groups with as little as two employees.

Yes, but it depends on how many hours the employees are working per week. Most insurance carriers have a minimum number of hours an employee must meet in order to qualify for their plans.

Yes, you can offer worksite benefits, also know as supplemental insurance or ancillary benefits. These are usually employee paid and set up via payroll deduction.

It depends on the type of benefits you are looking to offer. If a company does not have a large budget, supplemental insurance is a great place to start. These plans can be offered at no cost to the business and range in the $10’s of dollars per employee per month. For companies with a larger budget, health insurance plans usually range in the $100’s of dollars per month per employee, and typically require at least 50% employer contribution. Your employee demographics (age, gender, community, etc) will largely impact your rates.

Start by reaching out to an employee benefits specialist who can help you determine what benefits you need and start getting quotes. You can also work with the insurance carriers yourself to find quotes, but it’s usually easier to work with a company that can do that for you. In most cases, employee benefit specialists will not charge you for preparing quotes, even if you do not end up moving forward with them.